Press release
Spa Services Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2027
Spa Services Market
The coronavirus incident has led the world to a complete halt. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/spa-services-market-103490
Fortune Business Insights™ lists out all the spa services market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
Hyatt Hotels Corporation (Chicago, U.S.)
Four Seasons Hotel Limited (Toronto, Canada)
Marriott International, Inc. (Maryland, U.S.)
Hilton Hotels & Resorts (McLean, U.S.)
OneSpaWorld Holdings Limited (Coral Gables, U.S.)
Siam Wellness Group (Bangkok, Thailand)
InterContinental Hotels Group plc (Denham, U.K.)
Massage Envy (Scottsdale, U.S.)
Kempinski Hotels S.A. (Geneva, Switzerland)
Brenners Park-Hotel & Spa (Baden-Baden, Germany)
Market Driver:
Flourishing Tourism Industry to Improve Business Prospects
The increasingly hectic lifestyle has influenced the need for body and mind wellness, which, in turn, will foster the growth of the market. The number of tourists seeking spa treatment during their travel time can be an essential factor accelerating the revenue of the industry. As per data released by the Global Wellness Institute in 2018, the number of wellness trips increased from 691 million in 2015 to about 830 million in 2017. The growing attractiveness towards destination spas among couples will consequently spur opportunities for the market. The growing demand for quick spa facilities at airports such as XpressSpas will promote the growth of the market. Similarly, ship/cruise-based facilities offered by OneSpaWorld is expected to foster healthy growth of the market in the near future. Additionally, the rising mindfulness for health and wellness will facilitate the market in the forthcoming years.
Disruption in Hospitality Industry to Severely Affect Spa Business During COVID-19
The imposition of stringent regulations by the government to curb the spread of the infection will impede the hotels and hospitality sector during the forecast period. The rules involving physical distancing along with masks and gloves to avoid virus transmission can limit the customers, in turn, dwindling market growth. The services including body massage and facials must follow the rules implemented by the government during operations. The tourism industry has hit the bottom threshold due to lockdown rules. For instance, the OneSpaWorld closed all its destination resort facilities in the U.S and Caribbean region. The company officials declared an estimated loss of US$ 35 million in the first quarter of 2020 due to the pandemic.
The report on the spa services market includes:
Insights into the hospitality industry
Important strategies adopted by key players
Present market value with future projects
The dominant region in the world in terms of share
COVID-19 effect on the industry
Regional Analysis:
Rising Number of Massage Centers to Influence Growth in North America
The market in North America is expected to witness a rapid growth rate during the forecast period owing to the growing number of luxurious massage services and facilities in the US. The inflated demand for full body massage and beauty treatments in the U.S. and Canada will support the growth of the market in North America. According to the American Massage therapy Association's 'Massage Profession Research Report 2019', in the U.S., about 47.5 million people had a total of 214 million massages in 2018, where about 33% of messages were offered through the spa. This number increased from 179 million massages availed by 47.1 million people in 2017. Europe is expected to lead the global market in the forthcoming years owing to the increased spending on health and wellness. The rising awareness about body and mind will spur opportunities for the market in Europe. The well-established travel and tourism industry is expected to contribute to the growth of the market in Europe.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/spa-services-market-103490
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of the Parent/Related Markets
Spa Services Trend
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Qualitative Analysis (In relation to COVID-19)
Impact of COVID-19
Supply Chain Challenges
Potential Opportunities due to COVID-19
Global Spa Services Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Size Estimates and Forecast
By Facility Type (Value)
Day
Hotel/Resort
Medical
Others
By Service (Value)
Massage
Beauty/Grooming
Physical Fitness
Others
By End-user (Value)
Men
Women
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued...!
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/spa-services-market-103490
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn Facebook Twitter
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Spa Services Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2027 here
News-ID: 2606629 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Spa
Spa Services Market Next Big Thing | Major Giants Aman Spa, Four Seasons Spa, Ba …
HTF MI just released the Global Spa Services Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 𝐆𝐢𝐚𝐧𝐭𝐬 𝐢𝐧 𝐒𝐩𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:
Aman Spa, Four Seasons Spa,…
Spa Market 2019: Top Key Players are Hot Springs Resort & Spa, Lanserhof, Aspira …
Spa Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13738896
Global Spa market 2019 research provides a basic overview of the industry including definitions, classifications, applications…
Global Spa Services Market Outlook 2019: Salon Spa, Hotel Spa, Medical Spa, Dest …
“Spa Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2018-2023” provides a deep and thorough evaluation of the spa by type (salon spa, hotel spa, destination spa, medical spa, mineral/thermal spa, and other spas); and by geography (North America, Europe, Asia-Pacific, Latin topical America and Middle East & Africa). The report also analyses the competitive structure of the spa and provides the profiles of major…
Spa Market Huge Growth | Four Seasons Spa, The Bulgari Spa, Thermae Bath Spa
A new independent 115 page research with title 'Global Spa Market Report 2018' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe, Asia, South America, Other Country and important players/vendors such as Lanserhof, Ritz Carlton, Clarins, Fonteverde, Lefay Resort & Spa Lago di Garda etc. With n-number of tables and figures examining the Global Spa Market, the research…
Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, …
Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022, according to new research published by Allied Market Research. Europe accounted for the largest market share of about 39.1%, followed by Asia-Pacific and North America, in 2015. LAMEA region is expected to witness the highest growth, owing to rising investments into tourism industry in countries…
Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, …
Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment and others provided under expert administrations that revitalizes the brain and body.
Access Full Summary @ https://www.alliedmarketresearch.com/spa-market
These personalized services are efficiently designed to deliver fitness, peace…
